Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open….
HUAIAN, CHINA – MARCH 09: Vehicles queue at a petrol station on March 9, 2026 in Huaian, Jiangsu Province of China. Zhao Qirui | Visual China Group | Getty Images China’s factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices…
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices edged higher Friday as tensions around the Strait of Hormuz deepened, with the vital shipping lane still largely closed despite a ceasefire deal…
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel. <
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images With Anthropic gaining momentum in the booming AI market, OpenAI sent a memo to investors this week slamming its chief…
British Prime Minister Keir Starmer delivers remarks at the top of the Cabinet meeting to mark the fourth anniversary of Russia’s full-scale invasion of Ukraine at Downing Street on February 24, 2026 in London, England. Wpa Pool | Getty Images News | Getty Images British Prime Minister Keir Starmer said he is “fed up” seeing…
The Strait of Hormuz has not opened to ship traffic after the U.S. and Iran agreed to a two-week ceasefire, said the CEO of Abu Dhabi National Oil Co., or ADNOC, on Thursday. “This moment requires clarity,” said Sultan Ahmed Al Jaber in a social media post. “So let’s be clear: the Strait of Hormuz…
European bank stocks enjoyed a stellar 2025, notching their best year since 1997, with the valuations of some lenders more than doubling. But the sector sold off heavily during the U.S-Iran conflict in March, calling an abrupt halt to three years of almost-linear positive returns. The Stoxx 600 Banks index is down 1% year-to-date, after…
European government bonds reversed course on Thursday, moving higher after plunging during the previous session, as a fragile Middle East ceasefire keeps markets on edge. Bond traders are grappling with unusually high levels of volatility, which is clouding the outlook for interest rate policies at the Bank of England and European Central Bank. Yields on…
A customer shops for beef at a grocery store on April 6, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Core inflation eased slightly in February before the recent surge in energy prices, according to a key gauge released Thursday that offers the Federal Reserve a snapshot of conditions leading into the Iran…
